February 9, 2009, 4:36 pm
Brooks Automation FY Q1 Misses Street Estimates
Posted by Eric Savitz
Brooks Automation (BRKS), a semiconductor equipment company, posted disappointing results for its fiscal first quarter ended December 31.
For the quarter, the company reported revenue of $73.4 million, well below the Street consensus of $82.9 million, with a non-GAAP loss of 48 cents a share, much worse than the Street estimate of 22 cents. Revenues were down 50.3% from a year ago, and 31.3% sequentially.
The company said it has “eliminated virtually all discretionary spending,” reduced employee work schedules, cut fees for its board and taken other measures to cut costs.
Brooks did not give any guidance in the release.
In late trading, BRKS is up 8 cents, to $5.54. The stock fell 40 cents in the regular session. |
